The Second Leg of the Great Depression Was Caused by European Defaults Will The U.K. Be The Next European Nation To Experience A Massive Debt Crisis? Europe and America Morally and Financially Bankrupt
Gold Could Explode To $3,000 As Confidence In Currencies Collapses
Financial analyst David Rosenberg says gold could explode to $3,000 an ounce as European investors dump the ailing euro in exchange for the precious metal while JP Morgan states that bullion could face unlimited demand as panic buying ensues on the back of crumbling confidence in fiat currencies.
First Gold, Now Europe Running Out Of Silver
Earlier we noted that the Austrian mint was on its way to depleting its gold reserves following “panicked buying” from Europeans, who now openly fear the demise of their currency.
Many Americans know that the Great Depression was started by the bursting of the giant Wall Street bubble of the 1920’s (fueled by the use of bank deposits on speculative gambling, which is why Glass-Steagall was passed) , which in turn caused a run on American banks.
Now that the Greek debt crisis has been “fixed” by a gigantic pile of more debt, many are wondering which European nation will be next to experience a massive debt crisis.
• California Is More Likely to Default than Iceland or Iraq
• Single trader may have sparked Dow Jones ‘flash crash’
• U.S. posts 19th straight monthly budget deficit
• ‘VAT set to hit 20% next year’ as Cameron backtracks on NI rise and hikes capital gains
• Germans face bitter round of budget cuts as the price of eurozone bailout
• Remove Card and Take Bullion; Gold ATM Debuts
• Raw Footage Of Violent Bailout Protests In Ireland
Greece Bailed out, 19 more nations to go, Greeks not ready to submit to austerity, Gold is the antithesis of Fiat money, fals hope for jobs, Goldman Sachs under investigation, but they make money every quarter regardless…
Gerald Celente: Banks robbing the people
Gerald Celente says that this is the greatest bank robbery in history and it is the banks that are doing the stealing.
Thursday, 13 May 2010
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